The Competition Commission of India (CCI) has given its approval to IHH Healthcare’s acquisition of a controlling stake in Fortis HealthcareNSE 1.94 %, the second largest hospital chain in the country, two people...
Manipal eyes Medanta after failed Fortis Healthcare bid
The TPG Capital and Manipal Health Enterprises combine is in talks to buy a majority stake in hospital operator Medanta from heart surgeon Naresh Trehan and other investors, two people close to the development said...
Fortis Healthcare shareholders approve stake sale to Malaysia’s IHH
After multiple bidding and layers of scrutiny, shareholders on Tuesday approved acquisition of Fortis Healthcare by Malaysia’s IHH Healthcare. On July 13, Malaysia’s IHH Healthcare Berhad outbid the Manipal...
IHH may merge existing India hospital portfolio with Fortis Healthcare
Asia’s largest private healthcare provider, Malaysia headquartered IHH Healthcare, which was recently picked as the winning bidder in the hotly contested race for a controlling interest in Fortis HealthcareNSE 1...
IHH’s audit committee chief opposed Fortis buy
A majority of the IHH board supported its $1.1 billion acquisition of Fortis HealthcareNSE -0.15 %, but it was not a unanimous decision. One member thought it was too risky and voted against the proposal, according to...
Fortis to seek shareholders nod for stake sale to Malaysia’s IHH on Aug 13
Fortis Healthcare on Thursday said extraordinary general meeting (EGM) of the company will be held on August 13 to seek shareholders nod for its acquisition by Malaysia’s IHH Healthcare. Last week, Fortis...
Daiichi Sankyo moves Delhi HC to block Fortis-IHH deal
Daiichi Sankyo has approached the Delhi high court to block the $1 billion sale of Fortis HealthcareNSE -1.51 % to Malaysian group IHH Bhd while it enforces an arbitration award against the former promoters of the...
Fortis Healthcare fortunes to get Malaysia’s IHH boost with acquisition
Malaysian group IHH Healthcare Berhad’s Rs 40 billion acquisition of Fortis Healthcare is expected to result in improved cash flow, better operating profit margins and new business opportunity for the Indian hospital...
Fortis board meets today, IHH emerges front runner to buy controlling stake
Malaysia-headquartered IHH Healthcare Berhad has emerged as a front runner to acquire controlling stake in Fortis Healthcare, sources aware of the matter said. The board of Fortis Healthcare will meet on Friday to...
IHH Healthcare likely to seal Fortis deal with ₹ 4,700-5,400 crore bid
Malaysia’s IHH Healthcare Bhd is likely to acquire control of Fortis Healthcare Ltd with a binding offer to buy at least 51% in the troubled Indian hospital operator for ₹ 4,700-5,400 crore, two people aware of the bid...
Fresh binding bids for Fortis due today
Bidders for the Fortis chain of hospitals will have to cough up a minimum investment of Rs 1,500 crore by way of preferential allotment as the Fortis HealthcareNSE 0.90 % board has stipulated certain conditions to...
NCLT Chandigarh allows Fortis to withdraw SRL demerger scheme
The National Company Law Tribunal bench in Chandigarh has allowed Fortis HealthcareNSE 1.57 % to withdraw its scheme to demerge SRLNSE 0.00 % diagnostics from the group and merge it with its step down subsidiary, the...